Italy Frozen Food Market Size & Outlook, 2023-2030
Italy frozen food market, 2018-2030 (US$M)
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Italy frozen food market highlights
- The Italy frozen food market generated a revenue of USD 13,287.6 million in 2023 and is expected to reach USD 19,311.5 million by 2030.
- The Italy market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, frozen desserts was the largest revenue generating product in 2023.
- Fruits & Vegetables is the most lucrative product segment registering the fastest growth during the forecast period.
Frozen food market data book summary
| Market revenue in 2023 | USD 13,287.6 million |
| Market revenue in 2030 | USD 19,311.5 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Frozen desserts |
| Fastest growing segment | Fruits & Vegetables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fruits & Vegetables, Potatoes, Ready Meals, Meat, Fish/Seafood, Frozen Desserts, Bakery Products |
| Key market players worldwide | Nestle SA, Unilever PLC ADR, General Mills Inc, Nomad Foods Ltd, Tyson Foods Inc Class A, Conagra Brands Inc, Wawona Frozen Foods, Bellisio Foods, Kellogg's, Kraft Foods Group |
Other key industry trends
- In terms of revenue, Italy accounted for 2.8% of the global frozen food market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK frozen food market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 32,679.8 million by 2030.
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Frozen Food Market Scope
Frozen Food Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy frozen food market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to frozen food market will help companies and investors design strategic landscapes.
Frozen desserts was the largest segment with a revenue share of 22.74% in 2023. Horizon Databook has segmented the Italy frozen food market based on fruits & vegetables, potatoes, ready meals, meat, fish/seafood, frozen desserts, bakery products covering the revenue growth of each sub-segment from 2018 to 2030.
Italian cuisine has long been renowned for its delicious and authentic flavors, rich history, and cultural significance. From traditional dishes like pasta and pizza to indulgent desserts like gelato, Italian food is loved and savored by people all over the world.
However, with changing times and lifestyles, there has been a growing demand for convenience and healthier options, leading to a rise in the popularity of frozen snacks in Italy. According to a recent study conducted by the Italian Institute of Frozen Foods (IIAS), 54% of Italian consumers have significantly increased their consumption of frozen food since 2020.
This research, conducted by the IIAS in collaboration with BVA Doxa, also suggests that this trend is more prevalent in the southern region of Italy compared to the northern region. Furthermore, the study found that young people and families with young children were more likely to increase their consumption of frozen food.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy frozen food market , including forecasts for subscribers. This country databook contains high-level insights into Italy frozen food market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy frozen food market size, by product, 2018-2030 (US$M)
Italy Frozen Food Market Outlook Share, 2023 & 2030 (US$M)
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